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Question -
Q1- Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production departments (Mixing Department & Packaging Department.) Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Computer Operations has costs of $130,000 and Maintenance Services has costs of $160,000 before any allocations. What amount of Maintenance Services total cost is allocated to the Mixing Department? Round to closest whole number (no cents). Employees are:
Computer Operations 3
Maintenance Services 2
Mixing Department 8
Packaging Department
Q2- Adelphi Company has budgeted activity for March to reflect net income $100,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-21,000 payables to increase (decrease -) by $-23,000 and Depreciation Expense is $60,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round to nearest whole number (no cents).
Suppose a corporation can change its depreciation method so that its tax payments will decrease by $5,000 this year but increase by $5,000 next year.
Prepare a statement of cash flows using the indirect method, which includes a schedule reconciling net income to net cash provided by operating activities.
Question - Arrow Manufacturing offers discounts of 31%, 13.5%, 8% on a line of products. For how much should an item be listed if it is to be sold for $183.72
If Gleim does not maintain a safety stock, compute the estimated total carrying costs and total set-up costs for the coming year
The relative lack of government regulation is an advantage of the corporate form of business.
Zucker Inc. recently reported $4 million in earnings before interest and taxes (EBIT). Its federal-plus-state tax rate is 25%. What is the free cash flow
As of December 31, 2019, Sandy Beach had $9,700,000 in 5.5 percent serial bonds outstanding. Prepare a balance sheet for the debt service fund as of December
Prepare the statement of cash flows for ATM Software Developers using the indirect method.
Kipling Company deposits all receipts and makes all payments by check. Prepare a bank reconciliation going from balance per bank
Prepare the journal entries on books of lessee and lessor through December 31, 2011 and at the end of the lease assuming that actual residual value was $65000
If 2 year gurantee affect the income how you present income statement and balance sheet and how does impact co. current ratio and debt to equity ratio
Accounts written off as uncollectible during the year 88,000. What the Pribob's doubtful accounts expense for the year ended December 31
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